billycarmen......Current earnings are based on the slow down, markets anticipate. Earnings to be reported in May for the year ending in April expected at 0.76. Sector P/E is 25 and 10.9 for PDS. At 1.3 times book value, the risk is small and the rewards may be high. Technically the stock broke a triple top on 4/11/99, and also broke the descending upper channel last week, volume today 3 times normal, left no gaps on the chart, and has the next level of resistance at 20.00. "yes" cash on hand is low, due to the Technology Companies purchased in last 3 years in order to position as a leader in "Under Balanced Drilling".